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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

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Ratios & Harmonics: a Different Way to Trade

  • #29,541
  • Jun 29, 2017 4:20am Jun 29, 2017 4:20am
Quoting Milfortra
{quote} Not yet Peter. Maybe in another 5 more hours or so?
OK
Bears don't seem to be finished yet
  • #29,542
  • Jun 29, 2017 4:41am Jun 29, 2017 4:41am
Wanted to go long on USDJPY or EURUSD after correction but not liking bear strength..
Anyone else?
  • #29,543
  • Jun 29, 2017 5:25am Jun 29, 2017 5:25am
Hello fellow traders,

My thoughts on EUR/CAD Daily.

Thanks

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"The markets can remain irrational longer than you can remain solv
  • #29,544
  • Jun 29, 2017 5:45am Jun 29, 2017 5:45am
Quoting PeterT
Wanted to go long on USDJPY or EURUSD after correction but not liking bear strength.. Anyone else?
We might have a complex correction following
  • #29,545
  • Jun 29, 2017 8:11am Jun 29, 2017 8:11am
Quoting PeterT
Wanted to go long on USDJPY or EURUSD after correction but not liking bear strength.. Anyone else?
There was a 100% correction and weak NSL at EURUSD. I'm short at EURUSD.

Pretty aggressive trade, however i waited for the 100% correction and a weak NSL, lets hope it works out

a quick question - please let me know if this market (EURGBP) achieved a NSL and a LH or its still a NSH. let me know if yellow or blue is the correct way of looking at clear highs and lows

thanks
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  • #29,546
  • Jun 29, 2017 8:17am Jun 29, 2017 8:17am
are we ready for another day then guys/girls
  • #29,547
  • Jun 29, 2017 8:26am Jun 29, 2017 8:26am
Quoting RajD
{quote} There was a 100% correction and weak NSL at EURUSD. I'm short at EURUSD. Pretty aggressive trade, however i waited for the 100% correction and a weak NSL, lets hope it works out a quick question - please let me know if this market (EURGBP) achieved a NSL and a LH or its still a NSH. let me know if yellow or blue is the correct way of looking at clear highs and lows thanks {image} {image}
I'm seeing a little bit too much volume from the bulls so I was waiting for weakening.
I might miss a move down because of that.

As a larger framework I think both your drawings are correct.
You can divide the swings into smaller and smaller swings. It is up to you to find the optimal way to draw it so it fits your trading.
For intraday trading your drawings are good for having a larger framework to work within.
But your decisions will have to be made on smaller scale.
Mr. Pip talks about this in several videos but at the moment I can't say which one :-)
  • #29,548
  • Jun 29, 2017 8:27am Jun 29, 2017 8:27am
Quoting RajD
{quote} There was a 100% correction and weak NSL at EURUSD. I'm short at EURUSD. Pretty aggressive trade, however i waited for the 100% correction and a weak NSL, lets hope it works out a quick question - please let me know if this market (EURGBP) achieved a NSL and a LH or its still a NSH. let me know if yellow or blue is the correct way of looking at clear highs and lows thanks {image} {image}
Technically you will need to compare the candle close in order to define a NSL. Can't really see your charts so even if the latest candle did close lower than the candle's close (which made the last NSL), it created a super small projection.
  • #29,549
  • Jun 29, 2017 8:27am Jun 29, 2017 8:27am
Quoting johny8984
are we ready for another day then guys/girls
Yup. All set and ready....
  • #29,550
  • Jun 29, 2017 8:33am Jun 29, 2017 8:33am
Hello RajD,

My thoughts on EUR/GBP M5,

NSL and possible complex correction to shaded structure.

Thanks

Attached Image (click to enlarge)
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Quoting RajD
{quote} There was a 100% correction and weak NSL at EURUSD. I'm short at EURUSD. Pretty aggressive trade, however i waited for the 100% correction and a weak NSL, lets hope it works out a quick question - please let me know if this market (EURGBP) achieved a NSL and a LH or its still a NSH. let me know if yellow or blue is the correct way of looking at clear highs and lows thanks {image} {image}
"The markets can remain irrational longer than you can remain solv
  • #29,551
  • Jun 29, 2017 8:34am Jun 29, 2017 8:34am
Quoting johny8984
are we ready for another day then guys/girls
Yeah lets do this
whats your expectation ?
mine is for a NSH although its weakening

Edit : and it broke to the downside
  • #29,552
  • Jun 29, 2017 8:36am Jun 29, 2017 8:36am
looking for a short currently 410 is is the business area
  • #29,553
  • Jun 29, 2017 8:39am Jun 29, 2017 8:39am
Short EURUSD
Price made a weak NSL. Waited for deep correction and weakening of the bulls.
Projection of the bulls weakening, corrections increasing.
Nice rotation candle with a little bit of structure to the left.
Good enough for a short I thought.
SL above last swing.

First price followed through nicely but was rejected and now still some bullish action. We'll see.

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  • #29,554
  • Jun 29, 2017 8:41am Jun 29, 2017 8:41am
Quoting johny8984
looking for a short currently 410 is is the business area
This is mine....
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  • #29,555
  • Jun 29, 2017 8:42am Jun 29, 2017 8:42am
did someone get short ?
  • #29,556
  • Jun 29, 2017 8:45am Jun 29, 2017 8:45am
Quoting civo
did someone get short ?
Johny would have.
  • #29,557
  • Jun 29, 2017 8:46am Jun 29, 2017 8:46am
Quoting civo
did someone get short ?
i did far to early completely miss managed
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  • #29,558
  • Jun 29, 2017 8:48am Jun 29, 2017 8:48am
still 4 points is better than a loss

tried some hotkeys for an auto breakeven and it just exited my trade far too early
  • #29,559
  • Jun 29, 2017 8:48am Jun 29, 2017 8:48am
Quoting johny8984
{quote} i did far to early completely miss managed {image}
Was expecting you to bag at least 30 PIPs....
  • #29,560
  • Jun 29, 2017 8:49am Jun 29, 2017 8:49am
Quoting johny8984
still 4 points is better than a loss tried some hotkeys for an auto breakeven and it just exited my trade far too early
Beautiful early catch! I am still waiting for my turn.
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